Cheap Chinese goods helped keep inflation low in the early 2000s, but at the cost of U.S. manufacturing. As those imports surge again, here’s what’s changed and what it means for American jobs.
Last week, while appearing at the Aspen Ideas Festival, Palantir Technologies (NYSE:PLTR) co-founder Peter Thiel shared his insights on artificial intelligence, Nvidia Corp. (NASDAQ:NVDA), and ChatGPT-parent OpenAI. Don't Miss: Amid the ongoing EV revolution, previously overlooked low-income communities now harbor a huge investment opportunity at just $500. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100. What Happened: During the fes
We highlight four dividend-paying stocks that can help you to enjoy a comfortable retirement. The post 4 Dividend-Paying Singapore Stocks That Can Help You to Better Prepare for Retirement appeared first on The Smart Investor.
There are good reasons not to let go of a great dividend-paying stock. Here are four of them I plan to hold for the rest of my life. The post 4 Reliable Singapore Dividend Stocks That I Never Intend to Sell appeared first on The Smart Investor.
In February, Mr Bezos announced that he would sell shares in technology giant worth around $8.5bn.
Amidst a landscape of heightened vigilance against financial fraud, as highlighted by initiatives from major banks like National Australia Bank, investors in the Singapore market may find reassurance in focusing on fundamentally sound investments. In this context, identifying stocks trading below their intrinsic value can offer a prudent strategy, especially when market conditions underscore the need for careful investment choices.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
Fred Alger Management, an investment management company, released its “Alger Focus Equity Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. US markets performed strongly in Q1, with the S&P Index up 10.56%. Class A shares of the fund outperformed the Russell 1000 Growth Index in the quarter. Information […]
BEIJING (Reuters) -China announced on Friday the next step in its anti-dumping investigation into European brandy imports, ramping up tension on the same day the European Commission's provisional tariffs on Chinese-made electric vehicles take effect. While a commerce ministry spokesperson stressed at a news conference on Thursday that Brussels and Beijing should stay at the negotiating table ahead of the bloc confirming tariffs of up to 37.6% on Chinese-made EVs, the prospect of retaliation was kept alive by a reference to another probe into EU pork imports. On Friday, the commerce ministry said it would hold a hearing on July 18 to discuss an investigation into claims that European brandy producers are selling into China at below market rates.
China's central bank has hundreds of billions of yuan worth of bonds at its disposal to borrow, and will sell them depending on market conditions, the bank told Reuters on Friday, part of a plan markets see as an effort to cool a powerful bond rally. The People's Bank of China (PBOC) will borrow the medium- and long-term bonds on an open-ended unsecured basis and sell them depending on market conditions, as it has signed agreements with several major financial institutions regarding bond borrowing, according to the bank. The official remarks come at a time China's sovereign bonds have performed strongly this year, with yields hitting record lows, as a wobbly economy and volatile stock markets pushed savers into fixed-income safe haven investments.
Investing.com-- The Japanese yen steadied near its weakest levels in 38 years on Thursday, with the currency’s latest decline and low liquidity during a U.S. market holiday sparking fresh speculation over government intervention.
Thailand's consumer protection agency has received about 70 complaints since initiating a probe into aggressive discounting by BYD dealers that has left some buyers feeling they overpaid for their Chinese electric vehicles. Prime Minister Srettha Thavisin told BYD Chief Executive Wang Chuanfu, who was in Thailand to mark the opening of its first Southeast Asian factory this week and paid a courtesy call to the premier on Friday, to better manage customer expectations about pricing and ensure local buyers were protected. Wang gave assurances that future pricing would be appropriate and affected customers would receive support, according to a government spokesman.
STORY: Step inside BYD's first electric vehicle plant in Thailand.It's part of the Chinese automaker's plan to expand in Southeast Asia, where BYD has become the dominant player.BYD CEO and President Wang Chuanfu."We are convinced that Thailand will have a golden development period for new energy vehicles. China and Thailand are geographically close, culturally close, and economic and trade cooperation is booming. New energy vehicles are not only a bridge between China and Thailand to enhance friendship, but also a link between BYD and Thailand."Thailand is a regional auto assembly and export hub.The country aims to convert 30% of its annual production of 2.5 million vehicles into EVs by 2030.Chinese EV makers clearly like the lure of the Thai government's subsidies and tax incentives.They've invested more than $1.4 billion setting up factories in the country, with BYD's new plant the latest addition.The sprawling facility is worth $490 million.And it will have a production capacity of 150,000 vehicles per year, including plug-in hybrids."It will provide over 10,000 jobs after reaching full capacity."As part of its expansion outside China, the world's largest EV maker is also building its first European production base in Hungary.Although BYD could feel some pain in that particular market.The European Commission has imposed tariffs of up to nearly 38% on Chinese-made EVs.
Oil firm’s warning comes after it had to halt work on Europe’s largest biofuel project and sell refinery in Asia
TOKYO (Reuters) -Japanese household spending fell unexpectedly in May as higher prices continued to squeeze consumers' purchasing power, data showed on Friday, complicating the central bank's decision on how soon to raise interest rates. Many analysts expect consumption to rebound in the coming months as big wage hikes offered by companies and a tax break aimed at cushioning the blow from rising living costs reach households. The Bank of Japan (BOJ) will highlight how pay increases are spreading, including at smaller firms, in a report due later this month, sources have told Reuters, a trend that strengthens the case for a near-term interest rate hike.
The European Union will impose additional provisional duties of up to 38 percent on Chinese electric cars from Friday after concluding manufacturers in China benefited from unfair state support.The EU will now impose provisional duties between 20 and 38 percent on top of the current 10 percent tariff on Chinese electric cars.
BMW has accused the European Union of protectionism as Brussels prepares to hit imported Chinese electric cars with a wave of tariffs.
As of July 2024, the Singapore market continues to present varied opportunities for investors, with certain sectors showing resilience amidst global economic fluctuations. In this context, identifying stocks that are trading below their intrinsic value could offer potential for those looking to invest wisely in undervalued assets.
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's "unfair" support, a move that risks escalating tensions with Beijing.- Expected cut to imports - The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.
China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.China has led the global shift to electric vehicles, with almost one in three cars on its roads set to be electric by 2030, according to the International Energy Agency's annual Global EV Outlook.
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